Publication - Publication

Spring budget 2018-2019: supporting document

Published: 7 Feb 2019
Directorate:
Financial Strategy Directorate
Part of:
Economy, Money and tax, Scottish Budget
ISBN:
9781787815636

The 2018-2019 spring budget revision to the Budget (Scotland) Act for the year ending 31 March 2019.

117 page PDF

1.1 MB

117 page PDF

1.1 MB

Contents
Spring budget 2018-2019: supporting document
Scottish Teachers' And Nhs Pension Schemes

117 page PDF

1.1 MB

Scottish Teachers' And Nhs Pension Schemes

Schedule 2.1 Total Changes for the Spring Budget Revision

  Operating Capital Total
  £m £m £m
Total Budget in the Autumn Budget Revision 4,401.6 0.0 4,401.6
Changes Proposed      
Funding Changes 0.0 0.0 0.0
Technical Adjustments 2,383.4 0.0 2,383.4
Net Whitehall transfers 0.0 0.0 0.0
Net Transfers within Scottish Block 0.0 0.0 0.0
Total changes proposed 2,383.4 0.0 2,383.4
Proposed Budget following Spring Budget Revision 6,785.0 0.0 6,785.0
  Operating Capital Total
  £m £m £m
Expenditure Limit:      
Total Expenditure Limit 0.0 0.0 0.0
UK Funded AME:      
NHS Pensions 4,269.8 0.0 4,269.8
Teachers' Pensions 2,515.2 0.0 2,515.2
Total UK Funded AME 6,785.0 0.0 6,785.0
Other Expenditure:      
Total Other Expenditure 0.0 0.0 0.0
Total Budget 6,785.0 0.0 6,785.0
Total Limit on Income (accruing resources) 2,200.0

Schedule 3.1 NHS Pensions Details of Proposed Budget

Proposed Changes Operating Capital Total
  £m £m £m
Original Budget 2,905.3 0.0 2,905.3
ABR changes 0.0 0.0 0.0
ABR Budget 2,905.3 0.0 2,905.3
Proposed changes 1,364.5 0.0 1,364.5
SBR Proposed Budget 4,269.8 0.0 4,269.8
Summary of proposed changes      
Additional non cash AME for a provision in the NHS pensions scheme in respect of the potential outcome of ongoing court cases 1,316.6 0.0 1,316.6
Increase in pension costs due to indexation and equalisation 47.9 0.0 47.9
  1,364.5 0.0 1,364.5
Proposed Budget following Spring Budget Revision Operating Capital Total
  £m £m £m
Gross Expenditure 5,616.3 0.0 5,616.3
Less: Retained Income -1,346.5 0.0 -1,346.5
Capital Receipts Applied 0.0 0.0 0.0
  4,269.8 0.0 4,269.8
Budget Analysis      
NHS Pension Scheme Expenditure 5,616.3 0.0 5,616.3
Retained Income from employee and employer contributions and transfers received (NHS) -1,346.5 0.0 -1,346.5
Net Expenditure 4,269.8 0.0 4,269.8

Schedule 3.2 Teachers' Pensions Details of Proposed Budget

Proposed Changes Operating Capital Total
  £m £m £m
Original Budget 1,496.3 0.0 1,496.3
ABR changes 0.0 0.0 0.0
ABR Budget 1,496.3 0.0 1,496.3
Proposed changes 1,018.9 0.0 1,018.9
SBR Proposed Budget 2,515.2 0.0 2,515.2
Summary of proposed changes      
Additional non cash AME for a provision in the Teachers' pensions scheme in respect of the potential outcome of ongoing court cases 1,012.8 0.0 1,012.8
Increase in pension costs due to indexation and equalisation 6.1 0.0 6.1
  1,018.9 0.0 1,018.9
Proposed Budget following Spring Budget Revision Operating Capital Total
  £m £m £m
Gross Expenditure 3,187.7 0.0 3,187.7
Less: Retained Income -672.5 0.0 -672.5
Capital Receipts Applied 0.0 0.0 0.0
  2,515.2 0.0 2,515.2
Budget Analysis      
Teachers' Pension Scheme Expenditure 3,187.7 0.0 3,187.7
Teachers' Retained Income from employee and employer contributions and transfers received -672.5 0.0 -672.5
Net Expenditure 2,515.2 0.0 2,515.2

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